France leads the pack for Generative AI funding in Europe, London has 3X the number of GenAI startups
How much venture funding do Europe and Israel contribute annually?
Europe and Israel typically contribute around 45% of all venture funding annually. This proportion, however, drops to less than half when considering the specific sphere of artificial intelligence and generative AI. In 2021, venture capital investment in the region crossed the €100 billion mark for the first time3.
What percentage of AI funding do Europe and Israel account for?
Europe and Israel typically account for around 45% of all venture funding annually1. However, when it comes to the specific sphere of AI, their combined proportion drops to less than half of that1. This suggests that there is significant room for growth and development in the AI industry within these regions.
What is the focus of the 2024 technology story?
The focus of the 2024 technology story is artificial intelligence, particularly generative AI. This is due to the rapid advancements and widespread adoption of AI technologies, such as OpenAI's ChatGPT, which have significantly impacted various industries and reshaped the tech landscape. Investors are now seeking the next big AI startups, especially in Europe and Israel where a wave of generative AI companies is emerging.